Ted Cruz on Social Security
CRUZ: Well, my Mom is here, so I don't think we should be pushing any grannies off cliffs. And, you mis-stated what I've said on entitlement reform. What I've said is for seniors we should make no changes whatsoever, for younger workers we should gradually raise the retirement age, we should have benefits grow more slowly, and we should allow them to keep a portion of their taxes in a personal account that they control, and can pass on to their kids.
Q: I did say "for future retirees" was your statement...
Sen. Rand PAUL: My tax plan is it gets rid of the payroll tax. Ours is 14.5 percent for corporations, 14.5 percent for individuals. No payroll tax for the employee. The business tax pays for social security, and there would be two remaining deductions--home mortgage and charity.
Sen. CRUZ: My plan eliminates the payroll tax, eliminates the death tax, eliminates the corporate income tax, and it abolishes the IRS. It costs less than every other plan people have put up here, and yet it produces more growth.
CRUZ: Governor Huckabee is exactly right, we need to honor the promises made to our seniors. But for younger workers--look, I'm 44 years old--it is hard to find someone in my generation that thinks Social Security will be there for us. We can save and preserve and strengthen Social Security by making no changes for seniors; but for younger workers, gradually increasing the retirement age, changing the rate of growth so that it matches inflation and critically allowing younger workers to keep a portion of our tax payments in a personal account that we own, we control, and we can pass on to our kids. We can do both.
A: On Social Security, I am campaigning on a series of very specific reforms. For seniors receiving Social Security or near Social Security, there should be no changes in benefits whatsoever. For younger workers, we need to do three fundamental reforms.
Scoring system for 2014: Ranges from 0% (supports privatization and other market-based reforms) to 100% (supports keeping federal control over Trust Fund and Social Security system).
About ARA (from their website, www.RetiredAmericans.org):
The Alliance for Retired Americans is a nationwide organization, founded in May 2001, with now over 4.2 million members working together to make their voices heard in the laws, policies, politics, and institutions that shape our lives. The mission of the Alliance for Retired Americans is to ensure social and economic justice and full civil rights for all citizens so that they may enjoy lives of dignity, personal and family fulfillment and security.
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